According to a recent article in the Tampa Bay Times (3.6.2015), more than $8 million dollars of property between 4^th Street, N. and 38^th Avenue, N. has changed hands within the past two years.

So far the turnover has resulted in the construction of two medical buildings, a Trader Joe’s, and The Vitamin Shop. Developers are particularly in this area because of its proximity to downtown, claiming people who work downtown can drive up to 4^th Street for lunch or shopping and get back in time.

Bottom line: Investors and developers have taken to St. Petersburg and believe it is a good place to invest.